The price had a breakout from the daily descending channel after a retest of the Monthly support on 14$.
On the 4h timeframe, the price is creating a pennant and now it's trying to have a breakout from it.
The price got a first rejection from the 4h resistance on 19$
How to approach?
We are monitoring the price and we are waiting for our rules. the market could get more liquidity from the previous resistance now new support. The market needs to have a breakout from the 19$, be careful about the daily resistance on 20$. IF the price is going to satisfy all our rules, we could open a new long position with a very nice risk reward.
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Follow the Shrimp 🦐
Keep in mind.
On the 4h timeframe, the price is creating a pennant and now it's trying to have a breakout from it.
The price got a first rejection from the 4h resistance on 19$
How to approach?
We are monitoring the price and we are waiting for our rules. the market could get more liquidity from the previous resistance now new support. The market needs to have a breakout from the 19$, be careful about the daily resistance on 20$. IF the price is going to satisfy all our rules, we could open a new long position with a very nice risk reward.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
Nota
The price is retesting the pennant as expectedLet's see!
Nota
Consolidation below the 4h resistance.Wait for the breakout!
Nota
The price needs to break the resistance for the bullish scenario. 20 (the daily resistance) is the key level.Nota
Nota
the price is following my drawing
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a breakout is not enough, you need to have a strategy, for that reason we are following the Plancton's rules! 🦐Nota
The price is following my drawing Nota
A perfect trade, The price had a breakout as expected and printed 7% Nota
The price is following my drawing!10% so far after breakout as I told you
Nota
So Far So Good! 10% 👑Nota
21% so far!Nota
23% since my idea
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.